Bitcoin ethereum bitcoin cash ripple stellar litecoin cardano neo eos price analysis april 11
After a prolonged downtrend, Cardano has entered a range with support at 0. The day EMA has been acting as a stiff resistance. The bears will strongly defend this level, while the bulls will attempt to break out of it. Until then, all small pullbacks will be sold.
Bitcoin Cash continues to be under pressure. The initial stop loss can be kept at 0. After a prolonged downtrend, Cardano has entered a range with support at 0. South Korean regulators are finalizing the taxation framework for cryptocurrencies and will most likely throw some light on the probability of a full-scale regulation of the cryptocurrencies after mid-June.
Stellar is attempting to bounce off the downtrend line. The digital currency needs to show sustained buying before we suggest any trade on it. Until then, all small pullbacks will be sold. We have been anticipating a sharp pullback because the RSI is deeply oversold, but it has not yet materialized.
Every investment and trading move involves risk, you should conduct your own research when making a decision. Silhouettes of mobile users are seen next to a screen projection of Facebook The positive divergence on the RSI is a bullish sign. Hence, we retain the recommendation provided in our previous analysis to buy on a close UTC above 0. We have been anticipating a sharp pullback because the RSI is deeply oversold, but it has not yet materialized.
Leave a Reply Cancel reply Het e-mailadres wordt niet gepubliceerd. The charts for the analysis are provided by TradingView. Every investment and trading move involves risk, you should conduct your own research when making a decision. The pattern target of this break is 0. Even at such critical supports, there is lack of buying, which shows weakness.
The Chinese ban on cryptocurrency trading, the possibility of a similar ruling in South Korea and the fear of regulations around the globe were some of the reasons that started the current decline. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Until then, every recovery will be sold into. After a prolonged downtrend, Cardano has entered a range with support at 0.
Even at such critical supports, there is lack of buying, which shows weakness. Price Analysis, April Hence, we retain the recommendation provided in our previous analysis to buy on a close UTC above 0.
After a prolonged downtrend, Cardano has entered a range with support at 0. However, as the RSI is in the oversold territory, we might get a pullback, which will face resistance at the day EMA and the downtrend line. DIS is slated to report its fiscal second-quarter financial results afte The charts for the analysis are provided by TradingView. The day EMA has been acting as a stiff resistance.